Vanguard Group Inc. trimmed its holdings in Armstrong World Industries, Inc. (NYSE:AWI - Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,441,765 shares of the construction company's stock after selling 50,149 shares during the quarter. Vanguard Group Inc. owned about 10.30% of Armstrong World Industries worth $848,821,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AWI. Root Financial Partners LLC bought a new position in shares of Armstrong World Industries during the 3rd quarter valued at approximately $25,000. Ameriflex Group Inc. bought a new position in shares of Armstrong World Industries during the 3rd quarter valued at approximately $35,000. CIBC Private Wealth Group LLC grew its stake in shares of Armstrong World Industries by 426.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 179 shares of the construction company's stock valued at $35,000 after acquiring an additional 145 shares during the period. Sound Income Strategies LLC purchased a new position in Armstrong World Industries in the 4th quarter worth approximately $39,000. Finally, Bessemer Group Inc. lifted its holdings in Armstrong World Industries by 70.0% in the 3rd quarter. Bessemer Group Inc. now owns 221 shares of the construction company's stock worth $44,000 after purchasing an additional 91 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Evercore set a $200.00 price objective on Armstrong World Industries in a report on Tuesday. Bank of America decreased their price target on Armstrong World Industries from $216.00 to $210.00 and set a "buy" rating on the stock in a report on Monday, April 20th. Jefferies Financial Group restated a "hold" rating on shares of Armstrong World Industries in a report on Wednesday, February 25th. UBS Group cut their price objective on Armstrong World Industries from $200.00 to $195.00 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Armstrong World Industries in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $211.86.
View Our Latest Stock Analysis on AWI
Armstrong World Industries Trading Down 1.2%
Shares of NYSE AWI opened at $168.30 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.00. The stock has a market capitalization of $7.18 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 1.83 and a beta of 1.22. Armstrong World Industries, Inc. has a 1-year low of $148.06 and a 1-year high of $206.08. The business has a fifty day moving average price of $171.55 and a 200 day moving average price of $184.54.
Armstrong World Industries (NYSE:AWI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The construction company reported $1.69 earnings per share for the quarter, missing analysts' consensus estimates of $1.82 by ($0.13). The company had revenue of $409.90 million for the quarter, compared to analysts' expectations of $409.46 million. Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The company's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 earnings per share. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Equities research analysts expect that Armstrong World Industries, Inc. will post 8.32 EPS for the current fiscal year.
Armstrong World Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Monday, May 11th will be paid a $0.339 dividend. The ex-dividend date is Monday, May 11th. This represents a $1.36 dividend on an annualized basis and a yield of 0.8%. Armstrong World Industries's dividend payout ratio (DPR) is 19.29%.
Armstrong World Industries Profile
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Free Report)
Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.
Armstrong's product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.
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